Global Journal of Management and Business Research, B: Economics and Commerce, Volume 23 Issue 3

Smart Cities Digital Transformation: Funded by Tufidco in Tamil Nadu Dr. K. Karthick α , Dr. SP. Mathiraj σ & Mrs. A. Nithyakarpagam ρ Author α : Assistant Professor, Dept. of Management Studies, St. Joseph University, Dimapur, Nagaland. Author σ: Professor, Dept. of Corporate Secretaryship, Alagappa University, Karaikudi. Author ρ: Research Scholar, Dept. of Corporate Secretaryship, Alagappa University, Karaikudi. e-mail: nithi_karpagam@yahoo.com Abstract- In India the smart cities projects were implemented by Indian government. In Tamil Nadu many states are selected to convert cities into smart cities. TUFIDCO is providing financial assistance to smart cities projects. The digital Transformation is the vital part in smart cities projects. The main aim of Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited mission is to provide financial assistance and guidance to Local Bodies, Corporations, Boards, Authorities, and parastatal agencies for their development projects. An intelligent city refers that provides all the facilities a city needs, such as education, electricity, transportation, green environments, good governance and information technologies. To put it simply, smart cities improve the quality of life. The selected Smart Cities are Chennai, Coimbatore, Madurai, Thanjavur, Salem, Vellore, Tiruppur, Thoothukudi, Tirunelveli, Tiruchirappalli and Erode in Tamil Nadu. Researchers obtain data from secondary sources. In order to carry out this research, the researcher should analyze the funding provided to the government by TUFIDCO to implement smart cities in Tamil Nadu. Keywords: TUFIDCO, smart cities, cost, project, financial assistance, digital transformation. I. I ntroduction he Government of India launched the Smart Cities Mission on the 25th of June, 2015. As per the aspirations and needs of citizens, the purpose of the Smart Cities Mission is to create world-class cities. In Tamil Nadu, TUFIDCO is the mission directorate for implementing the Smart Cities Mission. 100 cities in India have been selected by the Indian Government to be developed as "Smart Cities" by upgrading their infrastructures and implementing smart applications. With regards to economic, social, and environmental aspects, it enhances the quality of life, improves the efficiency of urban operations and meets the needs of present and future generations. A total of 11 Tamil Nadu cities have been selected to be developed as 'Smart Cities. These are the cities that are selected as smart cities: Chennai, Coimbatore, Madurai, Thanjavur, Salem, Vellore, Tiruppur, Thoothukudi, Tirunelveli, Tiruchirappalli and Erode. Currently, the implementation of the Smart City project is being done by a Special Purpose Vehicle (SPV) formed at the local level. In conjunction with this Mission, each city will get Rs. 500 Cr as Central assistance and Rs. 500 Cr as State grant in order to implement various smart city projects. Smart cities are an integral part of developing the nation. Utilizing the economic share capital, reserves and surplus of TUFIDCO, along with bank borrowings and the mobilization of public deposits, extends support for infrastructure development in the state. II. O bjective of the S tudy  In order to examine TUFIDCO financial assistance provided to smart cities projects in cities of Tamil Nadu.  To determine the relationship between project quantity and construction cost.  To examine the digital transformation is change the life style of the peoples. III. R esearch M ethodology In this study, data was obtained from Primary and secondary sources of data. The primary data was collected from the well-structured questioner. The secondary data collected for the purpose of this study were form standard text books, leading journals, magazines, and official websites. a) Sampling Techniques i. Clustered Sampling Hypothesis  Ho 1 - There is no relation between smart cities project construction quantity and Cost of the Project.  Ho 2 - There is no relationship between digital Transformation and Life style. IV. C oncept of S martcities In smart cities, residents focus on the most pressing needs and the most effective opportunities to improve their lives. They use a range of strategies to solve problems, including digital and information technologies, urban planning best practices, public- private partnerships, and policy change. In the Smart Cities Mission, the aim is to promote cities that provide core infrastructure and give decent quality of life to their citizens, a clean and sustainable environment, and provide 'Smart' solutions. A replicable model will act as a lighthouse for other aspiring cities to develop in a T 33 Global Journal of Management and Business Research Volume XXIII Issue III Version I Year 2023 ( ) B © 2023 Global Journals